- Bitwise is launching its Hyperliquid ETF on the NYSE under BHYP with staking rewards.
- The move follows strong early demand for similar crypto ETF products.
The Bitwise Hyperliquid ETF is set to begin trading on the New York Stock Exchange (NYSE) under the ticker BHYP on Friday. The launch follows growing institutional interest in Hyperliquid-linked investment products and comes shortly after a competing fund debuted earlier in the week.
The ETF rollout highlights rising demand for on-chain derivatives exposure and staking-based returns within regulated markets.
Bitwise Moves Into Hyperliquid ETF Market
Bitwise Asset Management is expanding its ETF lineup with the new Hyperliquid fund. The product will trade under the ticker BHYP on the New York Stock Exchange. The ETF enters the market just days after 21Shares launched its own Hyperliquid ETF. That fund recorded about $1.8 million in trading volume on its first day.
Bitwise was among the earliest asset managers to file for a Hyperliquid ETF, signaling strong early conviction in the product category.
Staking Rewards Set BHYP Apart
One key feature of the Bitwise ETF is staking exposure. BHYP will offer Hyperliquid staking rewards through Bitwise Onchain Solutions. This gives investors potential yield in addition to price exposure. The firm also set a 0.34% sponsor fee. It will waive fees for the first month on the first $500 million in assets.
This structure is designed to attract early inflows and boost initial adoption.
Hyperliquid Gains Traction in Crypto Markets
Hyperliquid has grown into one of the most active on-chain trading platforms. It is widely used for perpetual futures and tokenized assets trading. Its native token, HYPE, plays a central role in platform fees. HYPE currently ranks among the top digital assets by trading volume. It also sits within the top 15 cryptocurrencies by market activity.
The coin has recently shown strong price performance, supported by rising exchange usage.
Institutional Interest Continues to Build
Bitwise executives say Hyperliquid represents a major opportunity in the crypto ETF space.
Market conditions, including increased volatility and shifting liquidity patterns, have pushed traders toward on-chain venues like Hyperliquid.
The early performance of competing ETFs suggests growing investor appetite. The first Hyperliquid ETF saw inflows rise after launch, signaling sustained demand.
The launch of BHYP adds another layer to the expanding crypto ETF market. Staking-enabled ETFs could become a key trend as investors seek yield alongside exposure. If demand continues, more issuers may introduce similar products tied to on-chain derivatives platforms.
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